The big shortage: how drought is impacting water investment

For those with a financial stake in water, drought can mean boom or bust, depending on the investment. And even without a specific market to trade water, there are numerous ways to invest in it – from buying land with water rights to stocks in water-dependent companies to municipal bonds. Take Michael Burry, for instance, the hedge fund manager featured in the book and movie “The Big Short” who outsmarted the subprime housing market crash.